TOP SIX BANKS OFFERING HIGHEST INTEREST ON LONG-TERM FIXED DEPOSITS
Published By Moushumi Mahanta | 14 May, 2024
Lock your deposits at higher rates for the long term before the Reserve Bank of India initiates repo rate cuts, signalling the onset of a lower interest rate cycle.
Credit : PIXABAY
Here are the top banks with the highest interest rates on long-term fixed deposits:
Credit : PEXELS
Bank of Baroda
Offers up to 6.5% per annum on five-year FDs, with senior citizens entitled to 7.5%.
State Bank of India
Provides 6.5% on five-year deposits to regular citizens and 7.5% to senior citizens.
HDFC Bank
Offers 7% per annum on five-year deposits to regular citizens and 7.5% to senior citizens.
Kotak Mahindra Bank
Provides 6.25% per annum on five-year fixed deposits to both regular and senior citizens.
Punjab National Bank
Offers 6.5% to regular citizens on five-year fixed deposits, 7% to senior citizens, and 7.3% to super senior citizens (above 80 years).
ICICI Bank
Provides 7% on five-year fixed deposits to regular citizens and 7.5% to senior citizens.